Tag archive for ‘crude’
By gossewestra On Friday, March 16th, 2018

Crude Oil Prices Conflicted, Gold Prices Challenge Key Support

Talking Points: Crude oil prices torn as OPEC, IEA and API echo clouded macro view Gold prices pressure range floor as markets look on to FOMC meeting Commodities short of catalysts but stray headline risk More...

By gossewestra On Tuesday, March 13th, 2018

Technical Forecast for Crude Oil, Gold Price, DAX, Dow Jones & More

Crude oil continues to build a wedge on an important slope dating back to July, stay above outlook remains favorable, fall below and another leg lower looks set to ensue. Gold remains constrained, big resistance, More...

By gossewestra On Thursday, March 8th, 2018

Crude Oil Price Drop May Deepen as Trump Tariffs Force Retort

Talking Points: Crude oil prices fall as US output hits highest since at least 1983 Gold prices retreat as White House hints at tariff hike exemptions All eyes on how trade partners will respond to US protectionism Crude More...

By gossewestra On Monday, March 5th, 2018

Crude Oil Prices at Risk on Italian Election, Trade Woes, US Data

Crude oil prices may fall further as the outcome of an Italian general election, worries about a brewing trade war and February’s US jobs data sour the markets’ mood.  More...

By gossewestra On Tuesday, February 27th, 2018

Crude Oil, Gold Prices May Fall on Hawkish Fed Chair Powell

Talking Points: Crude oil prices continued to take their cues from a broader recovery in market sentiment, with the WTI benchmark tracking higher alongside the S&P 500 stock index. Gold prices edged up too, More...

By gossewestra On Saturday, February 24th, 2018

Crude Oil Bears Likely Wonder If Shale Producers Were Right All Along

Fundamental Forecast for USOIL: Bullish Talking Points: OPEC member al-Mazrouei airs desire for long-term alliance of OPEC+ to stabilize market Per BHI, U.S. Oil Rig Count rises by 1 to 799, fifth straight weekly More...

By gossewestra On Thursday, February 22nd, 2018

Crude Oil Prices May Get Lift From EIA Data After Fed-Led Drop

Talking Points: Commodity prices weakened as expected after hawkish minutes from January’s FOMC meeting fed fears of an aggressive Fed rate hike cycle. That soured investors’ mood, sending sentiment-sensitive More...

By gossewestra On Wednesday, February 21st, 2018

Gold, Crude Oil Prices Fall as All Eyes Turn to FOMC Meeting Minutes

Talking Points: Gold prices turned sharply lower as the US Dollar returned to the offensive, undermining the appeal of the standby anti-fiat alternative. The move probably reflects pre-positioning ahead of the upcoming More...

By Chris Kimble On Tuesday, February 20th, 2018

Is The USD-Crude-Oil Spread About To Narrow?

USD (red), Crude Oil and sometimes dance to the same tune (correlate) and sometimes they head in opposite directions (non-correlate). Above looks at the correlation between the two over the past couple More...

By gossewestra On Monday, February 19th, 2018

Crude Oil, Gold Prices Biased Upward in Thin Holiday Trade

Talking Points: Crude oil prices echoed broad-based risk sentiment trends on Friday, oscillating in moves that mirrored the benchmark S&P 500 stock index and ultimately finishing the day little-changed. Gold More...